Acquiring Company
Francisco Partners
Acquired Company
Moneris
TorontoProfessional ServicesPaymentsE CommerceDescription
Moneris, a major Canadian payment processor, is being sold to U.S. private equity firm Francisco Partners for $2 billion. The acquisition follows an announcement by the Royal Bank of Canada and Bank of Montreal, which jointly owned Moneris. This deal raises concerns regarding the potential impact on Canada's digital sovereignty and consumer privacy.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Moneris?
Moneris was acquired by Francisco Partners. The deal was reported on August 14, 2026. Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Francisco Partners is privately held and operates in Professional Services.
When did Francisco Partners acquire Moneris?
Francisco Partners's acquisition of Moneris was reported on August 14, 2026. Moneris, a major Canadian payment processor, is being sold to U.S. private equity firm Francisco Partners for $2 billion. The acquisition follows an announcement by the Royal Bank of Canada and Bank of Montreal, which jointly owned Moneris. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Moneris do?
Moneris is one of Canada's largest payment processing companies. It handles approximately one in three payment transactions across the country. The company services over 325,000 points of commerce and processes more than $5 billion in transactions annually. It is privately held, operating in Payments, and is based in Toronto.